The most evil plan in history of US empire!
100 year zero coupon bonds would allow deficit reduction from interest expenses ON PAPER. This is currently a $100B+/month expense. $1.2T/year, more than official US defense budget.
Only corruption can cause someone extorted sufficiently to fake stupidity in accepting submission to accepting an untradeable zero coupon 100 year bond. US declaring insolvency and cancelling debt 99 years from now or earlier is a 100% certainty. The concept that US alliance to its colonies is guaranteed for 100 years is a further absurdity.
Converting each $1T in debt this way to $100T “fair value” would not only raise US debt to GDP ratio from 135% to 13500%, although because of certain default necessity, it is actually a $1T loss for debt holders.
That seems like a great way to kill the American debt rating and spark an international crisis.
Also American debt isn’t owned only be foreign countries… So good luck to the American banking and housing sectors.
The main issue with any of this is that you need some level of trust to exchange money for security. By throwing Ukraine under the bus we now have a Europe that wants to further distance itself from US protection. Additionally the tariffs are probably going to have similar effect with the manufacturing side.
Not that I have a problem with the US building up more manufacturing, but this economic shift seems likely to fail if it’s really their strategy.